A buyer walks with shopping bags. Pedestrian and vehicle traffic has increased markedly as businesses mark the next phase of reopening the economy today in New York City. John Lamparski | SOPA Images | fake pictures Consumer confidence rose more than expected in June as the United States loosened quarantine …
Read More »Micron, Conagra, Apple, Xilinx brands and more
Take a look at some of the most important engines on the previous market: Conagra Brands (CAG): The food producer reported quarterly earnings of 75 cents a share, 9 cents a share above estimates. Revenue also exceeded consensus, and Conagra gave a forecast range of earnings for the current quarter …
Read More »Treasury pulls out when Fed Fed warns of prolonged uncertainty
US government debt prices rose Tuesday morning after Federal Reserve Chairman Jerome Powell emphasized the lingering uncertainty facing the US economy, as cases of Coronaviruses soar in numerous states. Around 2:05 am ET, the yield on the benchmark 10-year Treasury bond was 0.6283% lower and the yield on the 30-year …
Read More »China says its manufacturing activity expanded in June, but headwinds remain
China said Tuesday that manufacturing activity expanded in June with the Purchasing Manager’s official index reaching 50.9. Economists polled by Reuters expected the official manufacturing PMI number to hit 50.4. PMI readings above 50 indicate expansion, while those below this level indicate contraction. In May, the official manufacturing PMI reached …
Read More »Stock futures up slightly and heading for earnings to end June
US stock futures rose slightly in overnight trading and signaled gains at the opening on Tuesday, the last trading day of a volatile month for the stocks. Dow futures were up 80 points, or 0.45%. The S&P 500 and Nasdaq-100 would also open higher, with gains of 0.45% and 0.50%, …
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